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Smart S/R Breakout Signals PX

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Smart S/R Breakout Signals

This a dynamic support/resistance breakout system that automatically plots evolving S/R lines from swing highs and swing lows, then signals a trade when price breaks through the opposite zone with confirmation.
How it works

The script tracks the lowest low (for Buy mode) or highest high (for Sell mode) and waits for a configurable number of consecutive closes (Num) above/below the prior bar's range before "fixing" that level as a support or resistance line.
Once a level is fixed, the script searches for the most significant opposing swing point and draws an S/R line from it.
When price closes through that opposing line, a new support/resistance cycle begins. After a chosen number of these S/R flips (Buyafter), the script arms itself to look for an entry.
An entry triggers on the breakout candle, plotting:

Entry label at the breakout level
Stop Loss — either the most recent S/R line or the last confirmed swing point (SL Mode)
Take Profit — calculated using your risk/reward multiple (rw)


Trade outcome is tracked live: TP/SL labels update with ✅ (hit), ❌ (missed), or 💔 (stopped out) so you can visually audit every signal on the chart.
A built-in fail-safe (Stop After X Fail) pauses new signals after a set number of consecutive losing trades, helping avoid chasing a choppy market.
リリースノート
Tp line extend until candle which touched it

improved name of inputs in panel

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